SouthShore

Banco Bradesco: A Brazilian Play Unaffected by US Financial Crisis

How will Brazil's new financials tax policy affect their Banks? The tax has risen from 9% to 15%.

Since at least one US hedge funds took a large position in BBD (reported end March), it will be interesting to see if they begin to reduce their holdings in light of the increased tax.

I like Brazil's opportunities relative to India or China. Perhaps the best way to play any emerging market is via their banks. I also like their utility companies.